Compliance must get ready for tougher Indian high-frequency trading rules

Neurensic’s Jay Biondo weighs in on HFT and speed bumps at exchanges.

“Compliance and legal staff will have to stay abreast of emerging regulations and actively educate their employers about the shifting landscape to ensure that sufficient resources are dedicated to building a robust supervisory program. However, the introduction of ‘speed bumps’ may likely have little to no impact on the supervisory responsibilities of compliance and legal staff,” said Jay Biondo, director of surveillance products design at Neurensic in Chicago. Biondo, a former enforcement attorney with the Illinois Securities Department, said that slowing down trading did not, by itself, prevent manipulative trading activity.